Hotline:(+84) 898 898 688
In this article, Vietnam Real Estate shared with you how to make a safe and legal purchase of a home, avoiding fraudulent or dishonest fraud.
The first thing when you buy a house is to check the legality of the house to buy. Be careful to see if the house is in a planning area, whether it is in dispute, or if there are any legal issues (such as inherited property, co-ownership). ). To resolve this, you can check the housing planning information at the District Natural Resources and Environment office, and check the dispute at the Ward People’s Committee where you bought the house.
After checking the legality of the finished house, you will enter the bargaining phase. This step is also important, it will decide whether you buy a good price or not. We recommend asking your neighbors what the homeowner’s reasons for selling the home are. Once you understand the cause of the sale, you will have a lot of information to negotiate, even decide whether to buy the house or not.
>>> You can read more information at: 7 Questions To Help You Understand The Rules When Buying A House
After negotiating the price, if you and the seller are satisfied and agree on the price, you will be paid for the purchase. The payment will go through the following steps:
Beginning with the payment step, you and the seller will deposit a deposit at the Notary Public or Commune People’s Committee to be stamped transaction confirmation. In case both parties feel confident each other can also proceed to pay a deposit with a handwritten receipt (Note: Legislation required handwritten deposit receipt is only valid when signed by a third person). As a result, having a third person or a safer person can ask the head of a street-dwelling group to testify on the receipt.
A regular home deposit usually refers to 10% of the total value of the home, which is more than a 10% rebate. However, in practice, there are also cases where the stake is larger because the buyer determines this is a great opportunity to buy a bargain.
This step is most important in the process of paying for a home purchase, usually the trades or mistakes or trapped by the opponent in this step. Vietnam Real Estate advice during this period is that we should not pay more than 95% of the total value of the home (including a 10% deposit), the reason is that after signing a notary contract the two parties will register Or tax declaration (Depending on localities, there are registered places such as Binh Tan, but usually before tax).
When declaring taxes, the seller must pay personal income tax usually 2% of the total value of the house (calculated according to the total price stated in the purchase contract, if the price on the purchase contract is lower than the price set by the state, Calculated according to state price bracket). The buyer must pay a registration fee of 0.5% of the total value of the house (calculated according to the set price bracket).
Therefore, to be safe we should pay at this stage not more than 95% to avoid the seller’s hands off the tax obligations and not support the buyer in the later stages.
After completion of the tax obligations, the two sides to the District People’s Committee to conduct the registration of housing documents. After completing the paperwork, the receiving department will record the appointment slip for 45 days. After receiving the voucher, you can pay the rest to the buyer, as if the transaction is completed.
>>> See more: The Legal Notes To Know When Buying An Apartment
Above is the buying and selling process that We advise clients to follow to ensure the benefits of the transaction. In some cases the owner deliberately trapped, using sweet words to buy more payment than necessary, we should be careful.
You are reading the article “Guiding To How To Pay For The Purchase Houses Safely And Legally” in the section “Real Estate Law” on the website: https://realestatevietnam.com.vn/.
All information sharing, feedback please email to firstname.lastname@example.org, Hotline (+84) 898 898 688 (24/7).
Thank you for visiting our website!